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ULS increases Legal-Eye payment

Fri, 01st Apr 2016 16:24

(ShareCast News) - AIM-traded conveyancing technology firm ULS agreed to a higher deferred payment for its acquisition of Legal-Eye on Friday, as a result of the runaway success it had seen from the investment.Legal-Eye was acquired by ULS in February 2015, and had continued to grow since then. It was now expected to exceed £1m in revenue for the first time in the current year.It offers compliance services, principally to solicitors, and had national coverage through its employees and extensive network of associates.ULS's board said that, as well as operating a standalone profitable business in its own right, Legal-Eye had enhanced the ULS proposition, particularly in the lender market where compliance and minimising risk were important factors.As a result, ULS had agreed to increase its deferred consideration by £144,000 by adjusting the earn outs to fixed amounts of £1,080,000 for each of the earn out years."We have been delighted with the performance of Legal-Eye in the first year of ownership and by the contribution made by (founder) Jaunita Gobby and her team," said ULS chief executive Ben Thompson."This agreement allows us to invest in Legal-Eye for its long-term growth as well as for the benefit of the group as a whole. We look forward to continuing to work with Jaunita as we build towards an exciting future."

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3 Dec 2018 09:33

ULS Technology expands market share despite property market challenges

(Sharecast News) - ULS Technology reported on Monday that its interim profits grew after the company increased its market share in the re-mortgaging sector despite lower year-on-year housing market transactions.

30 Nov 2018 12:26

ULS Technology Re-Appoints Martin Rowland Non-Executive Director

LONDON (Alliance News) - ULS Technology PLC said Friday it appointed Martin Rowland as non-executive director of the property sale services firm with immediate effect.Rowland previously as

26 Nov 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 27 November IntertekTrading Statement CranswickHalf Year Year Year Year Year

31 Oct 2018 11:07

ULS Warns On Market Slowdown But Will Report First-Half Growth

LONDON (Alliance News) - ULS Technology PLC shares dropped on Wednesday as the online platforms provider for the UK conveyancing and financial intermediary markets warned about the impact of a in

13 Jun 2018 13:23

ULS Appoints Sky Technology Director Bucknor As Non-Executive Director

LONDON (Alliance News) - ULS Technology PLC, a provider of online business-to-business platforms for the UK conveyancing and intermediary markets, said Wednesday it appointed Elaine Bucknor as is

26 Apr 2018 12:51

ULS Technology To Report Annual Performance Ahead Of Expectations

LONDON (Alliance News) - ULS Technology PLC, a provider of online business-to-business platforms for the UK conveyancing and intermediary markets, said on Thursday its 2018 performance will be of

4 Apr 2018 09:10

Mortgage Advice Bureau Appoints Former ULS CEO As Managing Director

LONDON (Alliance News) - Mortgage Advice Bureau PLC said on Wednesday that Ben Thompson has been appointed as managing director of the group with effect from June was most of

16 Jan 2017 12:41

Unicorn AIM Net Asset Value Stable In Final Quarter Of 2016

22 Nov 2016 11:41

ULS Technology lifts H1 profit, upbeat on growth prospects

(ShareCast News) - ULS Technology has upped its first-half pre-tax profit to £1.7m, from £1.5m, and issued an upbeat commentary on its growth prospects. The provider of online B2B platforms for the UK conveyancing and financial intermediary markets proposed an interim dividend of 1.1p a share, up 5%

22 Nov 2016 10:13

ULS Technology Expects Conveyancing Pickup In Second Half

1 Nov 2016 12:00

ULS Tech's half year profits in line with expectations

(ShareCast News) - ULS Technology, a provider of online platforms for the conveyancing and financial markets, reported that half year profits were in line with expectations against a downturn in the housing market in wake Brexit vote. In an update for the six months ended 30 September, revenue is ex

7 Sep 2016 16:30

ULS Technology develops Legal & General Mortgage Club platform

(ShareCast News) - Provider of online B2B platforms for the UK conveyancing and financial intermediary markets, ULS Technology, announces the launch of a new conveyancing service on Wednesday, developed exclusively for Lloyds Banking Group to launch with Legal & General Mortgage Club. The AIM-traded

7 Sep 2016 07:01

ULS Technology Launches New Conveyancing Service For L&G Mortgage Club

11 Aug 2016 16:30

ULS Technology appoints managing director to recently acquired Legal Eye

(ShareCast News) - ULS Technology has appointed Paul Saunders as managing director of its wholly owned compliance subsidiary Legal Eye. ULS, which provides online B2B platforms for the UK conveyancing and financial intermediary markets, said Saunders will join the Legal Eye team around 7 November 20

11 Aug 2016 09:58

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